It may have something to do with his craving for adulation and desire for recognition amongst his peer group.(inserts plagiarised philosophical reference).
Alternatively it may be a humane consideration on the part of the dripper, due to the possibility of harming the undeveloped brain or the recipient.
I’ll let you choose fick.

Ah,i must have missed the deletions last night!
I wonder if someone called anyone a money laundering,child killing,crook,spiv,lying,cheating,hun.domestic abuser?
Nah,they couldn’t possibly do that and go uncensored,,,,could they?

There are rights and obligations in a legally binding contract. In this case Orlit is obliged to perform a service and have the right to receive £400,000 from Rangers: Rangers have the right to receive a service from Orlit and Rangers are obliged to pay £400,000 to Orlit.
Orlit performed the service but Rangers did not meet their obligation to pay the £400,000 according to Orlit. Rangers are therefore in breach of contract as averred by Orlit and presumably have given Rangers many opportunities to pay before threatening to take the matter to court. So legally it is a disputed debt. I would suggest that if Rangers believe that they have fulfilled their obligations under the terms of the contract that they vigorously defend any action. However, it would not surprise me to discover that the matter is resolved before any arguments are raised in court. I’m sure that Mr Green will be transparent with the Rangers’ shareholders as to whether this claim has been met, partly met or Orlit have withdrawn their claim. After all £400.000 represents a lot of hard earned cash invested by the fans. I suspect they will never know.

I can’t see the Singapore company leaking this story unless it had reached a total impasse in trying to resolve it through normal business methods. So it strikes me that rather than have the hassle of a Court of Session action in Scotland that they have decided to force Rangers hand by a judicious leak.

One would normally expect that Rangers would cough-up, if the debt was payable, and the story would go very quiet. I just have a feeling this might not happen here and I don’t really know why I think that.

The Rangers do not deny that there was a court petition – indeed the statement on their website is headed “Court Petition Statement” – nor the amount sought. It’s so embarrassing that no one wants to put their name to the official response – whatever happened to CHARLES GREEN STATEMENT? This is the first time that I’ve seen a website get a reddie.

As it isn’t a blog from the many halfwits who dream up conspiracies or have fantasy wanks over some garbage from the ‘informed cartel’ I dare say it wouldn’t interest you or your ilk.
No harm done if you didn’t bother reading it.

Wonky you are a bit late. Eco has done a critique of it. I say critique but that sort of suggests that mcmurdo’s piece was of any literary worth. Useless fiction and even worse if it was meant to be factual

You’re looking in the wrong corner there Rab. It isn’t Rangers fans who use concerted campaigns by their staff, friends and family connected to organisations who police racism and bigotry within sport. That corner belongs to you and yours.
Ra Sellik fans did this one all on their own. Once again they overstepped the mark.
Never mind. Maybe you can call Paul Elliott up as a character witness. I’m certain he wouldn’t be averse to telling some more porkies to help out.

The Rangers claim that the debt is “insignificant”. We all pay our insignificant debts in an easy lump sum because they are, by definition, too small to be of concern and have no impact on our daily financial well-being. So, why don’t The Rangers just pay off this paltry sum? A debt management plan is for those occasions where we are unable to meet a debt in full without sacrificing other, more crucial, financial commitments. What other undertakings are more important to The Rangers? Player salaries? Daily operational costs? What happened to all that largesse from the float? There may be trouble ahead…

At a certain point last year Rangers football club thought that they had to continue.

At no point prior to that was continuation in question. Most football fans simply assumed that history was recorded…recorded by Rangers.

The football club that thought they had to continue has passed the flag to the football club that continues. The club that continues, continues to do the same things as the club that thought it needed to continue. Thus maintaining the continuum.

Today it looks like the club that continued after the club that thought it had to continue and may well stop continuing, must now envisage a club continuing when they have stopped continuing after the club that thought it must continue discontinued.

now that it is known that there was only 10 million in the pot,after the share issue, what is charlie waiting for,
is he waiting for the price to drop further lol as he said he would take up the short fall personally do a murray, this looks like he has another 15 million to put into the pot as promised, good old charlie ,what would the bears do without a guy like you.

400K for introductions in a deal that needed 5.5M+expenses! As this is just 2 out of 4 invoices the ttal charge was (much?)more than that! Maybe 10% commission for making the introductions? Not a bad business to be in I think.

Second, this could be a disputed invoice (maybe) but on the other hand it maybe implies cash flow issues with an one-off account like this being stiffed to ensure adequate cash to pay recurring creditors and staff. Are their bankers not willing to allow a suitable overdraft facility to deal with “inconsequential” bill such as this or did the invoice just get lost under Charles coffee cup?

Appreciate this is a different business to the oldco but given the circumstances of it’s death I’d have thought the newco would be very keen indeed give the impression of financial robustness.

All businesses need a level of credit worthiness to survive and this type of story they tend to make your average credit controller nervous and be a little more careful on outstanding invoices,. Once bitten…

I take it you’ll have noticed that Allenby Capital Ltd are still Nominated Advisers?
Pershing Nominees have a stake in ‘consortium’ member Chan Fook Meng’s Tricor.http://www.tricor-plc.com/rule26

To jog your memory:
208,500,000 New Ordinary Shares to Willow International Limited (“Willow”) (held by Pershing Nominees Limited)`at a price of 0.05 pence per share pursuant to conversion of £104,250 of the New Convertible Loan Notes* (“NCLNs”) issued by the Company to Liberty Capital Limited, which subsequently transferred £104,250 of loan principal to Willow, a company domiciled in the Seychelles (“Conversion Issue”).

Following the Conversion Issue, there are now £171,750 of NCLNs in issue, all of which are held by Liberty Capital Limited;

I see Craig Whyte’s exercised some convertible loan notes in Merchant House Group today. This is a little unusual because he normally sells shares at market value then exercises his loan notes in order to maintain his holding.

Today though he’s essentially sold his conversion straight to another party at nearly 1/3 of yesterday’s closing price and roughly half of what he’d get on the market after the share dilutions. To me this says he can’t wait for them to sell at market price and or he couldn’t find somebody to take a £100k chunk at market rate. Whereas the buyer probably can.”

Interestingly the buyer is noted as Willow International Limited domiciled in the Seychelles.

Celtic Joe KDS———-
Orlit Enterprises, who are threatening Rangers with a Winding Up Order over a contested bill for £400,000, appear to be a bit of a mystery. They have an office in Singapore alongside Unilegal, the law firm that Orlit’s known director Chan Fook Meng is connected with. But who else is involved?
Well, let’s track back a bit. Charles Green’s last role before being called in to front the Rangers takeover was with AIM-listed Nova Resources, where Chan Fook Meng was also a director.
This company was previously known as Tembusu Investments, but changed its name after its then Chairman and Chief Executive Rafat Rizvi was convicted of corruption and money laundering charges in Indonesia involving a total of £367million.
When Rizvi resigned, his place was taken by Ms Zhang Yun, whose CV indicates that one of her positions was as
Director of Orlit Enterprise (Singapore) Pte Ltd.

Oh, and she’s also the WIFE of convicted money launderer Rafat Rizvi.

So that’s the type of company Green looked to when he needed help raising the funds for his takeover.
And that’s the type of company Green has already paid cash to, despite his spokesman accusing them of inflating bills and even faking invoices.
No wonder Green wanted the Press to decide this matter was “unworthy of comment”.

PS: The decision to allow Mrs Rizvi to take her convicted man’s place as boss of Tembusu was approved by the firm’s nominated advisers Allenby Capital.
Allenby’s representative at Tembusu? Rangers Director Brian Stockbridge.

February 2013: It emerges that Sevco have already paid unconfirmed sums to Orlit Enterprises relating to two invoices for services rendered but are being threatened with a Winding Up Order over their failure to pay for two disputed (and allegedly “faked”) invoices totalling £400,000.